Published on 8/29/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $2.18 million return optimization notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Aug. 29 – Goldman Sachs Group, Inc. priced $2.18 million of 0% return optimization securities due Sept. 30, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum settlement amount of $11.51 per $10.00 principal amount of notes.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Return optimization securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $2,179,330
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Maturity: | Sept. 30, 2015
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 15.1%; exposure to any losses
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Initial index level: | 3,194.45
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Pricing date: | Aug. 27
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Settlement date: | Aug. 29
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Underwriter: | Goldman Sachs & Co.
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Fees: | 2.1%
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Cusip: | 38148C726
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